5000 E Pike, Zanesville, OH
0.61 acre site with approved plans for 3,600 SF building.
- Added:
- Apr 2, 2024
- Days on Market:
- 804
- Last Refresh:
- May 20 at 9:31 pm
Property Features for 5000 E Pike
General Information
- Standard status
- Active
- Size
- 3,600 SF
- Lot size
- 0.61 Acres
- Property subtype
- RETAIL
Properties For Sale
at 5000 E Pike Contact usListing agent J. Park Shai III (740) 404-0665
Listing office SHAI-Hess Commercial Real Estate (740) 404-0665
Listing date Apr 2, 2024
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of SHAI-Hess Commercial Real Estate
HighLights
- Outstanding restaurant/retail site.
- Fully approved architectural plans for a 3,600 square feet building included in the sale.
- 0.61 acres of land.
- All utilities readily accessible.
- Exceptional opportunity for development.
- Ideal for restaurant or retail business.
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.7k | $11.04 |
| − Vacancy | −$1.6k | −$0.44 |
| EGI | $38.2k | $10.60 |
| − OpEx | −$9.5k | −$2.65 |
| NOI | $28.6k | $7.95 |
Alternative Uses
Current Use by Public Records
Map
- City
- Zanesville
- County
- Muskingum
- State
- Ohio
- Longitude
- -82.0132
- Latitude
- 39.9403
